Evaluation content for proposed cost support by the Investment Support Fund in Vietnam from December 31, 2024

Evaluation content for proposed cost support by the Investment Support Fund in Vietnam from December 31, 2024​ (Image from Internet)

On December 31, 2024, the Government of Vietnam issued Decree 182/2024/ND-CP regulating the establishment, management, and use of the Investment Support Fund.

Evaluation content for proposed cost support by the Investment Support Fund in Vietnam from December 31, 2024

The evaluation content for proposed cost support by the Investment Support Fund in Vietnam is specifically regulated in Article 29 of Decree 182/2024/ND-CP:

- Contents for evaluating proposals for cost support include:

+ Evaluation of compliance with the criteria and conditions of the beneficiaries;

+ Evaluation of compliance with the principles of policy application support;

+ Evaluation of criteria meeting the conditions to determine the level of cost support;

+ Evaluation of the appropriateness of the cost support proposed by the enterprise with the support items regulated in Decree 182/2024/ND-CP;

+ Evaluation of the disbursement commitment of project funds;

+ Evaluation of the employment situation and compliance with regulations on social insurance contributions for employees; the tax obligation performance of the enterprise;

+ Evaluation of the performance of other commitments of the enterprise to receive support according to the regulations in Decree 182/2024/ND-CP.

- Agencies receiving dossiers and processing cost support procedures:

+ For enterprises with projects in production and business, the dossier for cost support procedures is to be submitted to the Management Board of Economic Zones, Industrial Parks, High-Tech Zones (for projects within Economic Zones, Industrial Parks, High-Tech Zones) or the Provincial Department of Planning and Investment (for projects outside Economic Zones, Industrial Parks, High-Tech Zones). The agency receiving the dossier takes the lead in evaluating the enterprise's proposal for cost support and reports to the provincial People's Committee for review and decision;

+ For enterprises not yet in operation and enterprises eligible for initial investment cost support according to the provisions at section 2, Chapter III of Decree 182/2024/ND-CP, the dossier for cost support procedures is to be submitted to the Ministry of Planning and Investment. The Fund Administration Body is the agency receiving, processing the dossier, and taking the lead in evaluating the enterprise's proposal for cost support.

Procedures for evaluating proposals for initial investment cost support from the Investment Support Fund in Vietnam from December 31, 2024

According to Article 33 of Decree 182/2024/ND-CP, the procedures for evaluating proposals for initial investment cost support from the Investment Support Fund are as follows:

- The dossier for requesting initial investment cost support includes:

+ A written proposal for cost support;

+ A certified copy of the Decision on investment policy approval, Investment registration certificate (if any), or equivalent legal document;

+ The original or a certified copy confirming the completion of tax obligations from the tax authority directly managing the enterprise, except in the case of newly established enterprises for project implementation;

+ Documents determining the initial investment costs;

+ A written commitment to the support principle as regulated in Decree 182/2024/ND-CP;

+ Other related documents as prescribed by law (if any).

- The process and procedures for evaluating proposals for initial investment cost support are carried out according to the provisions in Article 30 of Decree 182/2024/ND-CP.

Refer to more datils in the Decree 182/2024/ND-CP effective from December 31, 2024.

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